G-7 finance officials endorsed 13 public policy principles for central bank digital currencies (CBDC) on Wednesday, noting that while electronic cash could support inclusion and innovation in an increasingly digital economy, the currencies also raise important questions regarding policy and regulation. The G-7 countries consist of Canada, the United Kingdom, the United States, France, Germany, Italy,…
G-7 Finance Officials Endorse Policy Principles for Central Bank Digital Currencies
October 14, 2021
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Bank of Canada Moving Ahead on Preparing a Digital Currency
The Bank of Canada is hiring a product architect as it continues to move forward with its “contingency plan” for a central bank digital currency (CBDC), leading some to speculate about the potential consequences. A digital currency is a hot topic south of the border, as the U.S. public awaits the imminent release of a Federal…
Fed Inches Closer to Developing Central Bank Digital Currency
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GOP Lawmaker Urges Architects of Digital Dollar to Consider Risks to Civil Liberties
As central banks, including the Federal Reserve, are looking into implementing their own digital currencies, a Republican lawmaker warned of a key risk associated with their adoption, namely whether they could be exploited to curb civil liberties. Nations across the world are mulling developing central bank digital currencies (CBDC) to modernize their financial systems, ward…
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